Canterbury Press recently laid off 42 employees and has become the latest victim in the continuing trend of consolidation and closures in the printing industry. The company was expected to close its doors for the good after a skeleton crew finished wrapping things up.
This closure is part of a continuing trend in the industry as printing companies have been closing up or merging with other printers at a rate of approximately 10% each year. In 1995, there were 62,000 printers in the United States and now there are about 38,000. Industry experts expect the number to continue declining until leveling out around 35,000. The print shops left standing will likely be larger organizations and not small, mom and pop operations.
In October 2006, Canterbury Press installed a new eight-color press which went online in January 2007. The new press boosted their capacity and led to a prediction of double-digit sales growth. The new press had the capacity to print four colors simultaneously on two sides at a speed of 12,000 to 15,000 sheets per hour. However, the continued development of the Internet and growing competition from overseas printers resulted in fewer printing jobs to go around.





